Leo Schachter topped the list of Israel’s polished diamond sellers for the year just ended, exporting a net $403 million worth of goods from January-December 2011, according to figures compiled by the Industry, Trade, and Labor Ministry.
M.I.D. House of Diamonds’ net polished exports for the year stood at $239 million, while A.A. Rachiminov Diamonds exported a net $216 million. E.Z. Diamonds and Yoshfe Diamonds International rounded out the top five with $140 million and $130 million in net polished exports, respectively.
Niro Diamonds exported a net $111 worth of polished diamonds in the year reported, followed by Arabov Group ($102 million); Andre Messika ($101 million); and Ofeer Mizrachi Diamonds ($96 million.)
Israel’s tenth-largest net exporter of polished diamonds for 2011 was Rosy Blue Sales, with $85 million in net polished diamond exports.
Diamond Controller Shmuel Mordechai, said: “2011 was characterized by polished diamond exports worth $7.2 billion, which represents a 23.5% increase. Likewise, rough diamonds also saw an increase of 14.9%, totaling $3.5 billion. This trend is in line with the trend in the global diamond industry, which has saw growth by all parameters until the last quarter of 2011. Unfortunately, it appears that this growth trend won’t continue in 2012. We expect that in 2012 the amount of activity in the diamond sector will decrease, according to the activity seen in the last quarter of 2011. This is due to the effect of the global economic recession and in particular a slowdown in the diamond industry.”
Below is the Industry, Trade, and Labor Ministry’s complete list of the top 25 net polished diamond exporters for 2011, with each company’s net polished diamond exports listed in millions of dollars ($):
| No | Company name |
US $ Polished Exports |
| 1 | Leo Schachter Diamonds Ltd | 403 |
| 2 | M.I.D. House Of Diamonds Ltd | 239 |
| 3 | A.A. Rachminov Diamonds (2000)Ltd | 216 |
| 4 | E.Z. Diamonds Ltd | 140 |
| 5 | Yoshfe Diamonds Intl Ltd | 130 |
| 6 | Niru DiamondsIsrael (1987) Ltd | 111 |
| 7 | Arabov Group Ltd | 102 |
| 8 | Andre Messika Ltd. | 101 |
| 9 | Ofer Mizrahi Diamonds Ltd | 96 |
| 10 | Rosy Blue Sales Ltd | 85 |
| 11 | Segaldiam Ltd | 69 |
| 12 | Royal Gem (Israel) Ltd | 68 |
| 13 | Poligem | 67 |
| 14 | Masingita Ltd. | 65 |
| 15 | Rachminov Diamonds (Israel) 1891 | 61 |
| 16 | SN Asia (Israel) Ltd | 59 |
| 17 | Kuperman Brothers Diamonds Ltd | 57 |
| 18 | O.S.G. Polishing Ltd | 50 |
| 19 | Beta Diamonds Ltd | 48 |
| 20 | Eran Diamonds-Yehuda Sayag | 47 |
| 21 | Eshed-Diam Ltd | 47 |
| 22 | Z.I.P. Diamonds Ltd | 46 |
| 23 | Waldman Diamonds (W.D.C) Israel Ltd | 45 |
| 24 | A. Schwartz & Sons Diamonds Ltd | 43 |
| 25 | Annita Diamonds | 43 |